Entergy Corporation $ETR Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its stake in Entergy Corporation (NYSE:ETR) by 91.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,189 shares of the utilities provider’s stock after selling 191,735 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Entergy were worth $1,602,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. increased its holdings in Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after buying an additional 190 shares in the last quarter. Capital A Wealth Management LLC boosted its stake in shares of Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 328 shares in the last quarter. GoalVest Advisory LLC grew its holdings in shares of Entergy by 5,733.3% in the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 344 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Entergy in the 2nd quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in Entergy in the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the purchase, the director owned 1,050 shares in the company, valued at approximately $101,524.50. This represents a 2,000.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Haley Fisackerly sold 5,136 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the transaction, the insider directly owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. This represents a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,179 shares of company stock valued at $981,707 over the last quarter. Company insiders own 0.39% of the company’s stock.

Entergy Price Performance

NYSE:ETR opened at $93.56 on Monday. Entergy Corporation has a 12-month low of $75.04 and a 12-month high of $98.58. The firm has a market cap of $41.78 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66. The company’s 50-day moving average is $94.05 and its two-hundred day moving average is $91.24. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The business had revenue of $2.37 billion during the quarter. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. This is a positive change from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, November 13th. Entergy’s payout ratio is 63.21%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wells Fargo & Company raised Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. BMO Capital Markets reissued an “outperform” rating and issued a $104.00 price objective (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Evercore ISI upped their price target on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Finally, Scotiabank set a $105.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.19.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.